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Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel manufacturers, the electric and coal price in 2010 may rise by over 40%.
Dileep Srivastava, senior deputy chief executive officer of PT Bumi Resources investors' relationship noted that due to the recovering Asian economy and increasing investment in coal industry, Japan power plants may raise the steam coal price in the fourth quarter of 2010 to around US$100 per ton.
Dileep Srivastava expressed on October 9 in Singapore that the coal demand from China, India and Indonesia will maintain the price higher, however, the demand from the developed countries will continue stay normal.
PT Bumi Resources estimated that the average price of coal mines excluding the freight and other charges is US$61-62 per ton, while the price in 2008 was US$73.30 per ton.
Srivatsava said that the recovering steel demand may tie down the heat energy coal supply and boost the price.
According to the report on October 6, because the global crude steel production in 2010 will climb by 12% to 1.4bln tons setting a record, the hard coking coal price may soar to US$180 per ton from the previous expectation's US$155 per ton.
Srivastava added that PT Bumi Resources plans to increase the coal exports to China and India in 2012 and its production will hike to 100mln tons from last year's 53mln tons, 20% of output to be exported to China and India.
Source: Alibaba
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Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- Kalimantan Lumbung Energi - Indonesia
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- Bulk Trading Sa - Switzerland
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- Parliament of New Zealand
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- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
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- Global Business Power Corporation, Philippines
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- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
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- VISA Power Limited - India
- SMG Consultants - Indonesia
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- The University of Queensland
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- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
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- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
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- Banpu Public Company Limited - Thailand
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- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Central Electricity Authority - India
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- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Minerals Council of Australia
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
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- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
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- Merrill Lynch Commodities Europe
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- Sindya Power Generating Company Private Ltd
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- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Planning Commission, India
- PTC India Limited - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
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